Offer Insights powered by Greenhouse shows trends in compensation over time and is based exclusively on accepted offers made over the last 12 months in the Greenhouse application.
Jobs will be described in Offer Insights as:
- “Highly Competitive”
- “In Line with Market”
- “Cooling”
To identify jobs as highly competitive, in line with market, and cooling, we evaluate whether a job has significant movement up or down relative to the market as a whole. While we consider signals other than year-over-year change, a good guideline is that a job with a +10% increase in offer salary year over year will be labeled hot, while a job with a 5% decrease will be labeled cold.
Within the Offer Insights pop-out, the grey trend line represents how the “Market” has changed in the last 12 months. Specifically, the grey line represents the Median base salary or the median acceptance rate for the Market. The “Market” is defined as ALL job families for the selected location and levels. The “Market” trend is included to contextualize how the individual job family you are searching for (represented by the blue line) has changed relative to the market.
The blue trend line represents how base salaries and acceptance rates have changed for the selected job family, location and levels. Specifically, the blue line represents the median base salary and median acceptance rate (per job) over time.
The light blue area around the blue line represents the 25th and 75th percentile associated with the trend. In other words, if the blue line represents the median (i.e. the 50th percentile) the blue area represents the 25th percentile and 75th percentile for base salary and acceptance rates over time.
Generally, it is not advised to use Greenhouse Offer Insights to set initial compensation bands (we recommend using Pave’s core Market Data and Market Pricing tools), but rather the evaluate how those bands may need to be updated based on how compensation for a job family has changed over time.